News
Japan to Give $840,000 To Demining Projects
Japan signed an agreement Thursday with the Japan Mine Action Service (JMAS) to provide $839,363 to deining projects in Battambang province, which will benefit about 5,500 residents. Together with the Cambodian Mine Action Center (CMAC), which will receive almost half of the donations from Japan, JMAS ...
P Vihear Villagers Protest at National Assembly
More than 350 villagers from Preah Vihear province protested in front of the National Assembly on Friday, asking for support from lawmakers in their dispute with military veterans. The villagers, representing some 370 families in Kulen district’s Srayong commune, said that the land on which they ...
Taiwan Cooperative Bank to open Cambodia branch
Taiwan Cooperative Bank, the banking arm under Taiwan Cooperative Financial Holding Co. Ltd., received the green light from Cambodia’s central bank to open a branch in the capital city of Phnom Penh, the bank said Saturday. Cambodia, a member of the Association of Southeast Asian Nations, ...
http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?Type=aECO&ID=201209080024
New Mekong Port to Ease Overloaded Phnom Penh Terminal
With cargo traffic at the Phnom Penh Autonomus Port growing rapidly, a nearly completed container terminal just south of the city on the Mekon River should help ease the congestion. The 30-hectare port, in Kandal province’s Kein Svay district, was completed late last month, though cranes ...
Factory Suspends Operations After Complaints Over Fumes
British American Tobacco (Cambodia) Co. (BAT), which produces the cigarette brand ARA, suspended operations at its re-drying plant in Kandal province’s Takhmao commune yesterday, in order to allow time to redesign its air filtration system following repeated complaints about fumes that were allegedly spewing from ...
Acleda takes out $10 Million
Acleda Bank has signed a $US10 million loan agreement with Proparco, a development finance institution held in part by the Agence Francaise de Développement (AFD), according to a statement released on Wednesday. With the Kingdom’s financial sector expanding rapidly and a growing demand for banking and ...
http://www.phnompenhpost.com/index.php/2012090758553/Business/acleda-takes-out-10m-loan.html
Garment Workers Continue Tax Deductions Protest
About 600 garment workers of the Top Form factory in Phnom Penh’s Russei Keo district continued protesting yesterday against new income tax deductions from their pay outside the factory after police blocked them from marching on National Road 5. Workers have been protesting since Friday against ...
UAE, Cambodia look to lift tourism
Cambodia’s tourism ministry and United Arab Emirates officials have signed a memorandum of understanding to strengthen tourism to the Kingdom, officials said during a press conference at Phnom Penh’s international airport. Tourism Minister Thong Khon said the memorandum of understanding (MoU) would provide more opportunities for ...
http://www.phnompenhpost.com/index.php/2012090758551/Business/uae-cambodia-look-to-lift-tourism.html
Court Hears Borei Keila Evictees' Complaint
The Phnom Penh Municipal Court yesterday questioned three Borei Keila residents about a complaint they filed six month ago against the property development firm Phanimex from evicting them from their land. In March, a group of Borei Keila residents filed their complaint against Phanimex’s owner ...
Cellcard's COO Kay Lot resigns
One of Cambodia’s primary telecommunications companies, Cellcard, announced yesterday that longtime Chief Operating Officer Kay Lot has resigned. The departure of Kay Lot follows the departure of CEO David Spriggs who resigned his position about two months ago. Telecommunications industry insiders say the otherwise healthy and profitable ...
http://www.phnompenhpost.com/index.php/2012090758552/Business/cellcards-coo-kay-lot-resigns.html
Bra factory workers look to ministry for support
About 300 workers entered their sixth day of strikes yesterday at a bra factory in the capital, which manufactures lingerie supplied to Victoria’s Secret and Valentino, but their hopes of a quick resolution were dashed when a Ministry of Social Affairs official admitted he was ...
Officials deny arrest has links to new loans
The rumour mill has been in overdrive regarding the arrest of The Pirate Bay co-founder Gottfrid Svartholm Warg; however, various government officials yesterday shunned the conspiracy theories. Tom Abrahamsson, head of administrative and consular matters at the Swedish Embassy in Phnom Penh, refuted speculation that Svartholm ...
Kingdom and Qatar to form labour watchdog
Cambodia’s next step in allowing workers such as maids and builders to travel to Qatar will be to create a committee with the Arab state to ensure their safety is protected, a senior labour official said yesterday. The Senate on Wednesday supported an agreement between the ...
Land, Borders Reemerge as Top Issues for 2013 Elections
With national elections less than a year away, ruling party officials have begun a publicity campaign to show they are tackling tough issues facing the country, such as border delineation and land grabs, but opposition leaders say the Cambodian People’s Party cannot claim it has ...
Largest hydropower station on Mekong River starts operation
The largest hydropower station on Lancang River in southwest China’s Yunnan Province — known as the Mekong River in southeast Asia — went into operation Thursday with its first power generating unit up and running. The Nuozhadu hydroelectric station, located in the city of Pu’er, is ...
Putin sees boom in Asia-Pacific trade with Europe via Russia
Russian President Vladimir Putin says the Asia-Pacific region’s trade with Europe via Russia will surge by at least five-fold by 2020 as traditional sea routes become less competitive. His remarks came in a commentary published by the Wall Street Journal ahead of a summit of leaders ...
Conscription not for everyone
In less than a week, 18-year-old Heng Tina, who has just finished his high-school exam, will take another test that determines whether he’ll get a scholarship to go to technical school, a development that would put him one step closer to his dream of becoming ...
Rice Production Increases as Country Moves Toward 2015 Export Goal
Economists and agriculture officials say Cambodia could export 1 million tons of milled rice by 2015, but that depends on improvements in the sector, along with some global factors out of the control of the country’s farmers and millers. Prime Minister Hun Sen has set the ...
Cambodia will spend $67 million finance to restore infrastructure from last year flood damage
ADB (Asian development bank) pledged to offer $55 million loan for infrastructure restoration from flood damage last year in Cambodia. At the same time, AusAid also offered 5.25 million US dollars, and the Cambodian government will spend 6.39 million US dollars for the whole infrastructure ...
ANRPC sees higher rubber output
Natural rubber (NR) production in Association of Natural Rubber Producing Countries (ANRPC) this year is set to rise by 4.9% to 10.83 million tonnes from 10.33 million tonnes in 2011 The members of ANRPC are Thailand, Indonesia, Malaysia, Vietnam, Cambodia, India, China, Papua New Guinea, the ...
http://biz.thestar.com.my/news/story.asp?file=/2012/9/6/business/11977003&sec=business
Angkor Gold Corp. Acquires the Andong Meas Concession in Cambodia
Angkor Gold Corp. (TSXV:ANK4) acquired Liberty Mining ad Transol Mining, owners of the 209 square kilometre Andong Meas concession in Cambodia. As quoted in the press release: “The Acquisition results in two significant accomplishments. First, it adds 100% ownership of an entirely new 209-square kilometre concession known ...
http://goldinvestingnews.com/27883/angkor-gold-corp-acquires-the-andong-meas-in-cambodia.html
Backgrounder: Operating, negotiating FTA agreements with APEC economies
Member economies of the Asia-Pacific Economic Cooperation forum (APEC) are striving to forge a regional free trade facility to be known as FTAAP (Free Trade Area of Asia-Pacific) AFTA (ASEAN Free Trade Area) – signed in January of 1992, it covers all 10 ASEAN members of ...
Cambodia sees slight decrease in rice export in 7 months due to price competition
Cambodia had exported 89,800 tons of milled rice in the first seven months of this year, a 2.6 percent drop from 92,200 tons at the same period in a year ago, showed the statistics from the Ministry of Commerce’s Camcontrol Department on Thursday. However, the revenues ...
Cambodia Says No Strings Attached in Recent Chinese Aid
China has done a lot to support Cambodia over the years with millions of dollars in aid, loans and investment. But after reports this week that China has pledged another $500 million in soft loans and grants—and publicly thanked Cambodia for its support in Southeast ...
http://blogs.wsj.com/searealtime/2012/09/06/cambodia-says-no-strings-attached-in-recent-chinese-aid/